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Freedom Security Bank

Coralville, IA · Cert 10491

FDIC

Q2 2013

$72.8MAssets
$39.0MLoans
$63.2MDeposits
$9.1MEquity
Loan mix
88%RE $27.1M8%C&I $2.6M4%Consumer $1.3MQ2 2012Q2 2013
Deposit mix
84%Interest-bearing $53.1M16%Noninterest $10.1MQ2 2012Q2 2013

NIM

4.60%Q2 ’114.02%Q2 ’123.49%Q2 ’13-7%-5%

Non-interest income vs. expense

3.23%Q2 ’113.27%Q2 ’123.63%Q2 ’13-23%+7%

Executive Summary

  • Earnings: ROA of 0.15%, down 22 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 61.67% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.15%-22 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-17 bps YoY

Efficiency Ratio (YTD, annualized)

98.83%+986 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.37%0.39%1-0.52%0.06%0.15%-22 bps
Return on Equity3.08%3.18%-4.32%0.51%1.20%-187 bps
Net Interest Margin3.13%3.16%3.12%2.90%2.96%-17 bps
Efficiency Ratio88.96%98.89%136.05%101.63%98.83%+986 bps
Non-Interest Burden2.72%3.12%4.45%2.96%2.91%+19 bps
Growth
Asset Growth (YoY)-2.52%-3.10%-4.71%-5.81%-7.96%-544 bps
Loan Growth (YoY)-2.40%-4.21%-3.54%-12.71%-12.37%-997 bps
Deposit Growth (YoY)-3.24%1.13%0.96%0.75%-2.02%+122 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.35%1.10%1.00%-0.02%-0.02%-137 bps
Allowance / Loans1.71%1.68%1.55%1.71%1.79%+8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital18.71%19.81%17.38%18.30%18.62%-10 bps
Equity / Assets12.28%12.70%11.89%12.61%12.53%+26 bps
Liquidity & Funding
Loans / Deposits68.95%65.96%61.58%61.42%61.67%-729 bps
Liquid Assets / Assets0.42%0.39%1.20%0.48%0.61%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a